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Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.

59A Elizabeth Street, Acacia Ridge QLD 4110

Listed: 3rd Aug 2026
Overview

This property presents a distinctive opportunity for investors seeking a high-yield, low-maintenance asset in a prime location. Situated just 100 metres from a shopping centre in Acacia Ridge, Queensland, the site is designed as purpose-built rooming accommodation tailored for modern independent living.

The building comprises five self-contained one-bedroom apartments, each with their own private entry, ensuite bathroom, and kitchenette. This configuration differs from traditional shared housing by ensuring residents complete privacy, which is appealing for tenants valuing independence and security.

Investors will appreciate the property's strong rental performance, with an gross rental income around $2,200 per week and a projected yield exceeding 7.5%. The contemporary construction and professional design aim to facilitate long-term investment stability, benefiting from high tenant demand in a well-connected suburb.

  • Each apartment is fully furnished with contemporary quality pieces, featuring queen-sized beds, built-in wardrobes, modern kitchenettes, spacious ensuites, air conditioning, ceiling fans, security screens, and digital keyless entry.
  • Private courtyards or outdoor entertaining areas accompany the residences, enhancing their appeal for tenants seeking comfort and convenience.
  • Residents also have access to communal facilities including a shared kitchen, lounge, and laundry equipped with brand-new appliances, which are professionally maintained.
  • Included utilities such as water, internet with ultra-fast NBN speeds, and electricity are incorporated within tenancy agreements, reducing tenant overhead and increasing attractiveness.

This rooming accommodation operates under a sanctioned Rooming Accommodation Agreement (Form R18) for single occupancy, creating a well-managed and peaceful living environment appreciated by working professionals, mature students, healthcare workers, FIFO staff, and others seeking quality independent housing.

Positioned close to major transport routes, shopping, schools, medical services, and employment hubs, the location supports sustained tenant demand and strong occupancy rates. This availability of amenities combines convenience and lifestyle benefits for residents.

Overall, this asset is especially suited for investors targeting steady income from a purpose-built property designed to meet contemporary rental needs, with potential for ongoing capital growth given the quality construction and strategic location within Acacia Ridge.

Local Market Insights

In Acacia Ridge, Quiet Listings observed 33 new houses entering the market over the last 30 days, unchanged from 33 in the prior period, with an average advertised asking price of $1,028,030. The property type mix of listed properties is predominantly Houses at 79%, followed by townhouses (12%), and land (5%). The most active agency for houses in the Acacia Ridge area is currently Ray White, representing 48% of new listings, followed by LJ Hooker with 15%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.

Location
Market Insights for Acacia Ridge QLD 4110
New Listings (last 30 days)
33
Average price
$1,028,030
Lowest price
$699,999
Highest price
$1,700,000
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